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20121222
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check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down about there about 35 points, around half a percent. and overnight in japan, the nikkei, the yen falling to a 20-month low. you have the nikkei up 1.5%. the nikkei -- yen versus the dollar as shinzo abe returns to office as japan's new prime minister, promising monetary and fiscal reforms. we have the shanghai composite there up about a quarter percent. >>> all right. in today's top stories, the u.s. is five days away from going over the fiscal cliff. president obama is cutting his holiday vacation short, returning to washington
now, that mid range trade off the high, off that 1500 low, smack dawn below 1700. gold has some energy. some of the currencies have been exhibiting energy. for the most part, we have been grinding sideways slightly higher in the stocks. >> so what happens in january? do you think we're going to see any type of switch in terms of people's mind-sets and willingness to invest? >> well, i think that's a great question at this point. i mean, i think there's outer extreme levels right now that you have to keep your eye on. i think for the most part, it's anyone's guess what will actually happen and the development that will take place. but the markets established this outer extremes right now, which will probably be tested. i mean, again, whether it's because of confidence and some sort of optimism or reassurance in the market and we'll test an upper level or concern and, you know, risk and fear associated with the market. right now what we've been seeing coming into the end of the year is a an increase in volatility and that fear could cause the volatility index. surprisingly, i was thinkin
.s. becoming energy independent on its own. do you really think it will happen? because i still talk to a couple of people in the oim and gas industry that say, you know what? it's a far cry from the reality out there. we're still going to see the middle east being the dominating oil exporter. >>. >> i think in terms of any oil forecast, my experience is i'm lucky if i can forecast the oil price more than six months. so to forecast it eight years out, what's happened also is in terms of supply is that last year another reason why the oil price got held up was that we had problems in the north sea. the only nonopec user who came up with the goods was the u.s. everybody else failed as they always do. >> i was just wondering, christian, what your thoughts are. also, we were looking at the higher oil prices. higher being anything north of 100 at the time saying it's going to slow down a recovery in markets. this time around, now we're using to prices being in the region of 100. but what are your thoughts when you look at oil at the moment? >> well, we've had these two years where in wint
Search Results 0 to 2 of about 3